PopReach Closes $17.3 Million Bought Deal Financing

PopReach Corporation (TSXV: POPR) announced this morning that it has completed its previously announced public offering. The company managed to raise gross proceeds of $17.3 million, which includes a full exercise of the over allotment option in the financing that was lead by that of Beacon Securities.

The offering saw a total of 13,800,000 common shares of the issuer sold at a price of $1.25 per share on a bought deal basis. Of those shares, 1,800,000 were the result of the over allotment option being exercised.

The company has indicated that proceeds from the offering are to be used for acquisitions, working capital, as well as general corporate purposes.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

PopReach Corporation last traded at $1.35 on the TSX Venture.


Information for this briefing was found via Sedar, PopReach, and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

8 Mining Stocks Our Viewers Asked Us to Review | Sept 14th-18th

Canada Is Finally Fast-Tracking New Mines | John Passalacqua – First Phosphate

Gold & Silver Just Added $2 Billion to This Project | Aya Gold – Bourmadine PEA

Recommended

Cambria Gold Drills 166 g/t Gold and 3,383 g/t Silver Over 3.1 Metres at Premier

Selkirk Copper’s Minto PEA Outlines $494 Million After-Tax NPV and 47.8% IRR

Related News

PopReach Acquires Self-Improvement App For US$5.0 Million

PopReach Corp (TSXV: POPR) this morning announced that it has entered into a binding purchase...

Monday, March 1, 2021, 07:17:43 AM

PopReach Inks Reverse Takeover Deal With Federated Foundry For $160 Million

PopReach Corporation (TSXV: POPR) announced on Monday that it has signed a definitive agreement with...

Tuesday, October 19, 2021, 10:56:00 AM

PopReach: Canaccord Lowers Price Target Following Q1 Results

On the 31st, PopReach Corporation (TSXV: POPR) reported its first-quarter financial results. The company had...

Thursday, June 3, 2021, 04:43:00 PM

Eight Capital Initiates Coverage On PopReach With C$2.35 Price Target

Yesterday Eight Capital initiated coverage on PopReach Corp (TSXV: POPR) with a C$2.35 price target...

Tuesday, October 20, 2020, 04:41:28 PM

PopReach Reports $4.1 Million In Q1 Revenue, Net Income Of $2.2 Million

PopReach Corporation (TSXV: POPR), today announced the company’s financial results for the first quarter of...

Monday, May 31, 2021, 08:44:19 AM